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Nonprofiteer
← SIMPSON COLLEGE

Form 990 for tax year 2024

Filed by SIMPSON COLLEGE.

Totals

Total revenue
$83,773,476
Total expenses
$85,358,397
Contributions and grants received
$8,133,768
Grants paid
$36,895,567
Program service revenue
$65,292,368
Investment income
$7,977,401
Other revenue
$2,369,939
Total assets, end of year
$141,701,919
Total liabilities, end of year
$41,798,721
Net assets or fund balances, end of year
$99,903,198
Program services expenses (Part IX)
$76,628,158
Management and general expenses
$7,275,851
Fundraising expenses
$1,454,388
Program service expenses (Part III)
$76,628,158

Program services were 89.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $7,200

  • 1e · Government grants (contributions)

    $1,151,663

  • 1f · All other contributions, gifts and grants

    $6,974,905

  • 1g · Noncash contributions included above

    $669,633

  • 2a · Program service revenue: TUITION & FEES

    total $54,109,830 · related or exempt $54,109,830

  • 2b · Program service revenue: RESIDENCE HALLS

    total $5,642,158 · related or exempt $5,642,158

  • 2c · Program service revenue: FOOD SERVICES

    total $5,098,162 · related or exempt $5,098,162

  • 2d · Program service revenue: CONFERENCE REVENUE

    total $442,218 · related or exempt $442,218

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,610,414 · excluded $1,610,414

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $67,951,012

  • 7b · Less cost or other basis and sales expenses

    securities $61,584,025

  • 7c · Gain or loss

    securities $6,366,987 · other assets $0

  • 7d · Net gain or loss

    total $6,366,987 · excluded $6,366,987

  • 8a · Fundraising events: gross income

    $30,850

  • 8a · Fundraising events: contributions included on line 1c

    $7,200

  • 8b · Fundraising events: direct expenses

    $19,880

  • 8c · Net income from fundraising events

    total $10,970 · excluded $10,970

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,358,969 · excluded $2,358,969

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,358,969

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $36,895,567 · program services $36,895,567

  • 5 · Compensation of officers, directors and key employees

    total $774,401 · program services $145,674 · management and general $484,079 · fundraising $144,648

  • 7 · Other salaries and wages

    total $16,482,452 · program services $13,761,990 · management and general $2,037,280 · fundraising $683,182

  • 8 · Pension plan contributions

    total $734,490 · program services $495,403 · management and general $191,684 · fundraising $47,403

  • 9 · Other employee benefits

    total $4,294,569 · program services $3,679,581 · management and general $423,756 · fundraising $191,232

  • 10 · Payroll taxes

    total $1,427,123 · program services $1,028,190 · management and general $327,858 · fundraising $71,075

  • 11a · Fees: management

    total $1,051,207 · program services $850,693 · management and general $200,514

  • 11b · Fees: legal

    total $85,497 · management and general $85,497

  • 11c · Fees: accounting

    total $145,550 · management and general $145,550

  • 11f · Fees: investment management

    total $227,618 · management and general $227,618

  • 11g · Fees: other

    total $3,481,002 · program services $3,101,792 · management and general $379,210 · fundraising $0

  • 12 · Advertising and promotion

    total $374,264 · program services $152,432 · management and general $221,832

  • 13 · Office expenses

    total $1,474,332 · program services $1,386,747 · management and general $38,767 · fundraising $48,818

  • 14 · Information technology

    total $758,018 · program services $398,915 · management and general $359,103

  • 16 · Occupancy

    total $7,199,319 · program services $6,543,329 · management and general $616,699 · fundraising $39,291

  • 17 · Travel

    total $1,613,459 · program services $1,535,571 · management and general $24,700 · fundraising $53,188

  • 20 · Interest

    total $2,066,934 · program services $1,853,949 · management and general $189,098 · fundraising $23,887

  • 22 · Depreciation, depletion and amortization

    total $3,790,318 · program services $3,457,853 · management and general $296,301 · fundraising $36,164

  • 23 · Insurance

    total $155,923 · program services $55,947 · management and general $99,976

  • 24a · Other expenses: ATHLETICS

    total $1,248,929 · program services $743,620 · management and general $390,065 · fundraising $115,244

  • 24b · Other expenses: MEMBERSHIP AND DUES

    total $394,815 · program services $190,392 · management and general $204,423

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $287,255 · program services $159,581 · management and general $127,418 · fundraising $256

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $395,355 · program services $190,932 · management and general $204,423

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,183,448 · end of year $4,913,330

  • 2 · Savings and temporary cash investments

    beginning of year $6,292,890 · end of year $3,848,233

  • 3 · Pledges and grants receivable

    beginning of year $317,111 · end of year $2,941,296

  • 4 · Accounts receivable

    beginning of year $1,210,353 · end of year $1,194,981

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $27,014

  • 8 · Inventories for sale or use

    beginning of year $79,095 · end of year $118,856

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,405,500 · end of year $1,126,018

  • 10a · Land, buildings and equipment: cost or other basis

    $123,132,203

  • 10b · Land, buildings and equipment: accumulated depreciation

    $62,800,247

  • 10c · Land, buildings and equipment, net

    beginning of year $62,932,064 · end of year $60,331,956

  • 11 · Investments: publicly traded securities

    beginning of year $43,495,664 · end of year $42,687,451

  • 12 · Investments: other securities

    beginning of year $28,329,962 · end of year $24,395,332

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $204,995 · end of year $117,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,371,629 · end of year $5,149,368

  • 19 · Deferred revenue

    beginning of year $478,995 · end of year $346,481

  • 20 · Tax-exempt bond liabilities

    beginning of year $31,740,000 · end of year $31,430,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $4,382,787 · end of year $3,709,019

  • 25 · Other liabilities

    beginning of year $944,788 · end of year $1,163,853

  • 27 · Net assets without donor restrictions

    beginning of year $13,110,014 · end of year $4,395,382

  • 28 · Net assets with donor restrictions

    beginning of year $90,422,869 · end of year $95,507,816

Mission and programs · 2024

Mission

THROUGH INNOVATIVE LEARNING OPPORTUNITIES, INDIVIDUAL STUDENT ATTENTION, AND AN UNWAVERING COMMITMENT TO INCLUSIVE EDUCATIONAL ACCESS, SIMPSON COLLEGE CULTIVATES A DIVERSE COMMUNITY OF LEARNERS TO LEAD LIVES OF MEANING AND PURPOSE.

Activities or mission (Part I)

A RESIDENTIAL, COEDUCATION, UNDERGRADUATE LIBERAL ARTS COLLEGE.

  • SIMPSON COLLEGE PROVIDES INSTRUCTION TO APPROXIMATELY 1,200 FULL AND PART-TIME UNDERGRADUATE STUDENTS, WITH MAJOR AREAS OF INSTRUCTION IN BUSINESS, ELEMENTARY EDUCATION, SCIENCES AND THE ARTS.

    Expenses $76,628,158 · Grants $36,895,567 · Revenue $65,292,368

As filed on the 2024 return.

Listed in Part VII

  • Deanna Strable-Soethout

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5
  • Jay N Byers

    President through 4/2025 - *Deceased*

    Total calculated
    $388,532
    From this org
    $360,968
    From related orgs
    $0
    Other
    $27,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $343,275
    Bonus
    $0
    Other
    $17,693
    Deferred
    $7,813
    Nontaxable benefits
    $19,751
    Filer's total
    $388,532
  • Susan E Voss

    Secretary

    Total calculated
    $0
    Hours/week
    0.5
  • Terry W Handley

    Board Chair

    Total calculated
    $0
    Hours/week
    0.5
  • Barbara A Miller

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Ben F Gaumer

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Bishop Kennetha Bigham-Tsai

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • D Robert Downing

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Denise M Griffey

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Raymond Nigut

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Garrett Piklapp

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Hank Norem

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Izaah JB Knox

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • James C Spooner

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Jay T Marshall

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Jessica Boltinghouse

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Sorenson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • John R Norris

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • John T Lawlor

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Juli M Willeman

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Kamie Downing-Haynes

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Kevin Halterman

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Kirk J Tyler

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Laura Howe

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Manuel A Cornell

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Maribeth Wright

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Mark L Hill

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Martha Davis-Goldstein

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Nick Andersen

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Nicole L Crain

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Nile D Ramsbottom

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Rick W Exline

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Robert G Riley

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Ron Carlson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Ronald L Keller

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Sean M Kennedy

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Steven C Fiterman

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Steven G Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Terrance J Lillis

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Thomas J Keating

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Tim Bonney

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Trent Murphy

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Virginia Lauridsen

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Bret Mills

    VP OF FINANCE/BUSINESS ADMINISTRATION, CFO

    Total calculated
    $186,923
    From this org
    $172,632
    From related orgs
    $0
    Other
    $14,291
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,632
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,291
    Filer's total
    $186,923
  • CoryAnne Harrington

    Academic Dean

    Total calculated
    $152,488
    From this org
    $137,445
    From related orgs
    $0
    Other
    $15,043
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,445
    Bonus
    $0
    Other
    $0
    Deferred
    $6,872
    Nontaxable benefits
    $8,171
    Filer's total
    $152,488
  • John Woell

    Academic Dean - END 09/2024

    Total calculated
    $162,715
    From this org
    $155,294
    From related orgs
    $0
    Other
    $7,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,601
    Bonus
    $0
    Other
    $17,693
    Deferred
    $0
    Nontaxable benefits
    $7,421
    Filer's total
    $162,715
  • Jared Bienenmann

    Vice President - College Advancement - END 06/2025

    Total calculated
    $174,800
    From this org
    $147,973
    From related orgs
    $0
    Other
    $26,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,773
    Bonus
    $0
    Other
    $4,200
    Deferred
    $8,000
    Nontaxable benefits
    $18,827
    Filer's total
    $174,800
  • Christopher Goodale

    VP-Sr Director - Advancement

    Total calculated
    $144,649
    From this org
    $131,038
    From related orgs
    $0
    Other
    $13,611
    Hours/week
    40
  • Leigh D Mlodzik

    VP - Enrollment

    Total calculated
    $164,660
    From this org
    $138,566
    From related orgs
    $0
    Other
    $26,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,566
    Bonus
    $0
    Other
    $0
    Deferred
    $7,335
    Nontaxable benefits
    $18,759
    Filer's total
    $164,660
  • Mark Bell

    Director - Athletics - END 12/2025

    Total calculated
    $123,801
    From this org
    $110,148
    From related orgs
    $0
    Other
    $13,653
    Hours/week
    40
  • Roger Degerman

    VP - Marketing & Strategic Communications

    Total calculated
    $151,482
    From this org
    $136,257
    From related orgs
    $0
    Other
    $15,225
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,257
    Bonus
    $0
    Other
    $0
    Deferred
    $6,885
    Nontaxable benefits
    $8,340
    Filer's total
    $151,482
  • Tracie Pavon

    Asst VP- Enrollment & Financial Aid

    Total calculated
    $126,689
    From this org
    $112,488
    From related orgs
    $0
    Other
    $14,201
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    Trust · TRUST · NY

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.1
Source object
202641059349301819

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